LOAD
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- Commissions charged on the purchase or sale of mutual fund units.
Idaho Department of Finance - Cite This Source - This Definition - 12b-1 fee, back-end load, breakpoint, Contingent deferred sales load, front-end load, Level load, Load fund, Net asset value (NAV), no-load fund, No-load mutual fund, Offering price, sales charge, Share class
- A sales commission charged by many mutual funds. Some are front-end loads (fee paid when the shares are purchased) or back-end loads (fees paid when the shares are sold).
CA Dept of Corporations - Cite This Source - This Definition If you buy a mutual fund through a broker or other financial professional, you pay a sales charge or commission, also called a load.
If the charge is levied when you purchase the shares, it's called a front-end load. If you pay when you sell shares, it's called a back-end load or contingent deferred sales charge. And with a level load, you pay a percentage of your investment amount each year you own the fund.
Yahoo Finance - Cite This Source - This Definition- 12b-1 fee, back-end load, breakpoint, Contingent deferred sales load, front-end load, Level load, Load fund, No-load mutual fund, sales charge, Share class
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